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Word of The Day by @Only4TheReal 3/4/16



Socialism 

— noun 
  1. theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as whole. 
  2. procedure or practice in accordance with this theory. 
  3. (in Marxist theory) the stage following capitalism in the transition of society to communism, characterized by the imperfect implementation of collectivist principles.

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